Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: SunX against Bitget−0.097%7-day average +0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.097%, 7d avg +0.019%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.115% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget METAUSDT	744.73	0	get 0.0000% / 8h	7h 56m	$5.7M	$12.4M	100x
Short	SunX META-USDT	744.01	0	get 0.0000% / 8h	7h 56m	$836	$8.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee SunXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.019%: −$11.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.55
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; SunX: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	2.28 bp	12.9 bp −$13	25.5 bp −$255	46.2 bp −$4,621	doesn't fit
Sell SunX live order book, 13 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

META on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	745.36	+0.085%	$335K	$1.1M	20x	as long as short
Nado META-PERP	−0.0007%	1h	744.12	−0.081%	$480K	$561K	20x	as long as short
Aster METAUSDT	0.0000%	8h	745.31	+0.078%	$483K	$597K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	744.62	−0.015%	$547K	$3.4M	17x	as long as short
Binance METAUSDT	0.0000%	8h	744.93	+0.027%	$25.6M	$190.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	744.77	+0.005%	$7.5M	$15.4M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	744.85	+0.016%	$6.0M	$12.7M	20x	as long as short
Gate META_USDT	0.0000%	8h	744.57	−0.021%	$472K	$6.2M	100x	as long as short
Bitget METAUSDTlong	0.0000%	8h	744.73	long leg	$5.7M	$12.4M	100x
Variational Omni META	0.0000%	8h	747.50	+0.372%	$2.5M	$3.2M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	745.59	+0.115%	$12K	$438K	10x	as long as short
SunX META-USDTshort	0.0000%	8h	744.01	−0.097%	$836	$8.0M	20x
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.38	−0.047%	$53K	$293K	10x	as long as short
HTX META-USDT	0.0000%	8h	744.47	−0.035%	$108K	$312K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.46	+0.098%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0036%	1h	744.27	−0.062%	$2.2M	$14.1M	10x	as long as short
Arcus META-USD	+0.0040%	1h	744.32	−0.055%	$112K	$337K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.12	+0.052%	—	$12K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	744.61	−0.016%	$177K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.18	−0.074%	$566K	$619K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	744.56	−0.023%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	743.96	−0.103%	$714K	$5.1M	10x	as long as short
Paradex META-USD-PERP	+0.0057%	8h	744.45	−0.037%	—	—	5x	as long as short
Lighter RH META	+0.0080%	1h	744.99	+0.035%	$794K	$2.9M	20x	as long as short
Aftermath Perps METAUSD	+0.0087%	1h	745.61	+0.118%	$49K	$90K	10x	as long as short
edgeX METAUSDC	+0.0098%	4h	746.55	+0.245%	$62K	$346K	10x	as long as short
Pacifica META	+0.0100%	1h	745.04	+0.042%	$632	$1K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	745.01	+0.038%	$1.6M	$739K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	745.02	+0.039%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.12	+0.052%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.00	+0.037%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0120%	1h	744.07	−0.089%	$655K	$8.0M	10x	as long as short
Lighter META	+0.0216%	1h	745.08	+0.047%	$1.2M	$2.9M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	746.51	+0.239%	$176K	$52K	30x	as long as short
tradeXYZ xyz:META	+0.0409%	1h	744.51	−0.030%	$84.4M	$132.9M	20x	as long as short
Hotstuff META-PERP	+0.0552%	1h	745.43	+0.094%	$33K	$105	20x	as long as short
Phoenix META	+0.0750%	1h	748.38	+0.490%	$799K	$1.5M	20x	as long as short